Top 15 Venture Capital Firms for Information Technology Startups

For founders in Information Technology, finding the right investor means finding a partner who truly understands your business. Whether you're building a SaaS platform, an AI-driven tool, or other tech startups, connecting with VCs who specialize in your field is a critical step in your fundraising process.

To help you identify potential partners, our team at Rho curated this overview of top venture capital firms active in the tech space. Use this guide to quickly understand the investors who are most relevant to your company's stage and sector.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast. Once funding is secured, our integrated financial tools help you manage and deploy capital efficiently.

Key Takeaways

• For an information technology startup, securing venture funding means gaining not just capital, but a strategic partner to help scale your business.

• Leading venture firms like Silversmith Capital Partners, Underscore VC, Ballistic Ventures, and Shield Capital are actively investing in information technology companies.

• Once you've secured funding, Rho helps you manage and deploy your capital with fast business banking, corporate cards, and bill pay.

Which VC Firms in Information Technology Are Right for Your Stage?

From the earliest stages to preparing for an exit, knowing which investors to approach is critical. To help you find the right fit, here is a quick overview of venture capital firms that invest in information technology, organized by the stages they focus on.

Pre-seed and Seed VC Firms in Information Technology

This initial funding stage is for companies at the earliest phase of development, often before there is a product or revenue. For founders in information technology, firms like Underscore VC, Ulu Ventures, and Freestyle Capital specialize in providing the first institutional capital to help bring an idea to life.

Early Stage VC Firms in Information Technology

Early-stage funding, which includes Series A and Series B rounds, is designed for startups that have a product and initial market traction. Tech VC firms focusing on this stage provide capital to help you scale operations and accelerate growth, with examples including the cybersecurity venture capital firm Ballistic Ventures and deep tech investors like Playground.

Late Stage VC Firms in Information Technology

Late-stage venture capital is for established companies with significant revenue and a strong market position, often used to fund major expansion or prepare for an exit. Growth-oriented software venture capital firms like Silversmith Capital Partners and Elsewhere Partners are key players in this space, backing proven B2B software companies.

Once you secure funding from any of these partners, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

It's also worth noting that many venture capital firms invest across multiple stages, from seed to growth.

To help you find the right partner, here is a more detailed overview of leading VC firms investing in information technology companies. For each firm, you'll find information on their preferred investment stages, geographic focus, and specific qualities that make them a strong potential partner.

1. Silversmith Capital Partners

Based in Boston, Silversmith Capital Partners is a growth equity firm that partners with entrepreneurs in technology and healthcare. They focus on providing capital to profitable, growing companies, often making the first institutional investment.

The firm invests across a wide range of stages but has a clear sweet spot in backing established B2B software companies. Their portfolio includes major successes like ActiveCampaign and Webflow, showing a pattern of helping businesses scale to billion-dollar valuations.

Silversmith is likely a strong match if you're a founder of a bootstrapped or capital-efficient SaaS business with proven product-market fit. They are positioned as a partner for accelerating growth, not for early-stage discovery.

Once you secure a growth partner like Silversmith, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed to private equity with a focus on growth
• Industries of focus: SaaS & Information Services, Healthcare IT & Services
• Geographical presence: Boston, MA
• Founded: 2015
• Notable portfolio companies: ActiveCampaign, Appfire, impact.com, Webflow, and SurveyMonkey
• Portfolio size: 54 investments

You can refer to their website here.

2. Underscore VC

Underscore VC is a Boston-based firm that backs B2B software founders at the pre-seed and seed stages. They provide the initial capital and support to help entrepreneurs build their companies from the ground up.

The firm has a clear focus on early-stage B2B software and a history of successful exits through acquisition by major tech players. Portfolio companies like BastionZero (acquired by Cloudflare) and Zaius (acquired by Optimizely) highlight their ability to back companies with strong strategic value.

Underscore is a strong potential partner if you are a founder at the earliest stages of building a B2B software company. Their track record suggests they are particularly adept at guiding startups toward meaningful acquisitions.

Once you secure funding from an early-stage partner like Underscore, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Pre-Seed and Seed
• Industries of focus: B2B Software
• Geographical presence: Boston, MA
• Founded: 2015
• Notable portfolio companies: Coda, BastionZero (acquired by Cloudflare), Zaius (acquired by Optimizely)
• Portfolio size: 91 investments

You can refer to their website here.

3. Ballistic Ventures

Ballistic Ventures is a venture capital firm that invests exclusively in cybersecurity startups. Based in San Mateo, they focus on funding and supporting entrepreneurs building new solutions in the security space.

The firm concentrates on early-stage companies and has a strong record of portfolio companies being acquired by major technology players. Notable exits like Talon Cyber Security (acquired by Palo Alto Networks) and AlienVault (bought by AT&T) show their ability to back businesses with high strategic value.

Ballistic Ventures is an ideal partner if you are an early-stage founder building a company focused squarely on cybersecurity. Their specialized expertise and history of successful exits suggest they are well-equipped to guide security-focused startups toward significant outcomes.

Once you secure funding from a specialized partner like Ballistic, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture
• Industries of focus: Cybersecurity
• Geographical presence: San Mateo, CA
• Founded: 2021
• Notable portfolio companies: Talon Cyber Security (acquired by Palo Alto Networks), AlienVault (acquired by AT&T), ArcSight (acquired by HP)
• Portfolio size: 63 investments

You can refer to their website here.

4. Shield Capital

Shield Capital is a venture firm based in San Francisco that invests in founders building companies in frontier technology. They primarily back businesses at the seed and early stages, providing capital to support ambitious, long-term projects.

The firm's portfolio reveals a clear focus on deep tech sectors like artificial intelligence, space, and autonomy. Investments in companies like Snorkel AI, a unicorn in the data-centric AI space, and Rebellion Defense, an AI defense software company, highlight their commitment to this theme.

Shield Capital is a good fit if you are a founder working on deep technology with applications in areas like national security, aerospace, or AI. They appear to be a strategic partner for companies building foundational technologies, rather than typical SaaS applications.

Once you secure funding from a forward-looking partner like Shield Capital, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Seed
• Industries of focus: Frontier Technology, AI, Aerospace, Defense
• Geographical presence: San Francisco, CA
• Founded: 2021
• Notable portfolio companies: Snorkel AI, Rebellion Defense, Hawkeye 360, Elroy Air
• Portfolio size: 29 investments

You can refer to their website here.

5. Workday Ventures

Workday Ventures is the corporate venture arm of Workday, investing in companies that are building the next generation of enterprise software. Based in San Francisco, they partner with startups to accelerate innovation in the enterprise space.

The firm invests across multiple stages and has a strong track record of backing companies that reach billion-dollar valuations. Their portfolio includes unicorns like Vanta and Papaya Global, and major exits like Duo Security, which was acquired by Cisco for $2.35 billion.

Workday Ventures is a strong potential partner if you are building an enterprise software company with high-growth potential. Their corporate backing and history of successful, large-scale exits make them a strategic choice for founders aiming for significant market impact.

Once you secure funding from a corporate partner like Workday Ventures, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed to late stage
• Industries of focus: Enterprise Software
• Geographical presence: San Francisco, CA
• Founded: 2015
• Notable portfolio companies: Multiverse, Vanta, Sumo Logic, Papaya Global, Duo Security
• Portfolio size: 86 investments
• Investor type: Corporate Venture Capital

You can refer to their website here.

6. Ulu Ventures

Ulu Ventures is a Palo Alto-based firm that focuses on seed-stage investments, providing foundational capital to companies in their earliest phases of development.

The firm has a strong focus on enterprise IT and fintech, with a portfolio that includes major public companies like Palantir and SoFi. This history of backing businesses that achieve large-scale exits signals their ability to identify companies with unicorn potential.

Ulu Ventures is a great potential partner if you are a seed-stage founder in the IT or fintech sectors with ambitions for a major exit. Their track record suggests they are skilled at supporting companies on the path to the public markets.

Once you secure funding from an early-stage partner like Ulu Ventures, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Seed
• Industries of focus: Financial Services, FinTech, Information Technology
• Geographical presence: Palo Alto, CA
• Founded: 2008
• Notable portfolio companies: SoFi, Palantir, Guild Education, BetterUp
• Portfolio size: 300 investments

You can refer to their website here.

7. Amazon Alexa Fund

The Amazon Alexa Fund is the corporate venture arm of Amazon, providing up to $200 million in capital to advance voice technology. Based in Seattle, they invest in companies building new experiences with voice at their core.

While focused on voice, their portfolio shows a broad interest in consumer hardware, fintech, and frontier AI, including notable companies like Ring and Ecobee. They invest across all stages, from seed to late-stage rounds, signaling a flexible approach to partnership.

The Alexa Fund is a strategic partner for founders whose products could integrate with or expand the Amazon ecosystem, especially in consumer hardware and AI. If your company has a voice-enabled component or aligns with Amazon's broader consumer strategy, they are a compelling choice.

Once you secure funding from a strategic partner like the Amazon Alexa Fund, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed to late stage, including debt and convertible notes
• Industries of focus: Voice Technology, AI, Consumer Electronics, IoT, Enterprise Software, FinTech
• Geographical presence: Seattle, WA
• Founded: 2015
• Notable portfolio companies: Ring, Ecobee, Greenlight, Osmo
• Portfolio size: 141 investments
• Investor type: Corporate Venture Capital

You can refer to their website here.

8. Playground Global

Playground Global is an early-stage venture capital firm based in Palo Alto that backs founders with deep technical and scientific backgrounds. They focus on providing capital to companies building foundational technologies with long-term impact.

The firm's portfolio shows a clear commitment to deep tech, investing in complex fields like robotics, AI, and next-generation computing hardware. Notable investments include Agility Robotics and successful exits like MosaicML, which was acquired by Databricks, and Nervana, which was acquired by Intel.

Playground is a strong match if you are a technical or scientific founder building a company with a significant hardware or deep learning component. Their focus suggests they are best suited for startups creating foundational technology, rather than purely application-layer software.

Once you secure funding from a deep tech partner like Playground Global, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture

• Industries of focus: Deep Tech, Artificial Intelligence (AI), Robotics, Software

• Geographical presence: Palo Alto, CA

• Founded: 2015

• Notable portfolio companies: Agility Robotics, MosaicML (acquired by Databricks), Nervana (acquired by Intel)

• Portfolio size: 120 investments

• Founder focus: Technical and scientific founders

You can refer to their website here.

9. Freestyle Capital

Freestyle Capital is a San Francisco-based venture firm that invests in early-stage technology companies. They specialize in providing seed funding to help founders build their businesses from the initial idea phase.

The firm is notable for backing several future unicorns, including Airtable, Intercom, and Patreon, during their seed rounds. This history demonstrates a clear focus on identifying and supporting companies with the potential for massive scale, very early in their journey.

Freestyle Capital is an excellent match if you are a technology founder raising a seed round with ambitions for high growth. Their portfolio indicates a strong interest in software, finance, and consumer-facing platforms.

Once you secure funding from an early-stage partner like Freestyle Capital, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Information Technology, Software, Finance, Telecommunications
• Geographical presence: San Francisco, CA
• Founded: 2009
• Notable portfolio companies: Airtable, Intercom, Patreon, BetterUp, Snapdocs
• Portfolio size: 221 investments

You can refer to their website here.

10. Elsewhere Partners

Elsewhere Partners is a growth capital firm based in Austin that invests in B2B software companies. They specifically look for businesses located outside of traditional venture hubs, providing capital to promising companies in underserved markets.

The firm's partners have a strong track record of guiding software companies to major exits, including IPOs and billion-dollar acquisitions. Their experience with companies like SailPoint and SolarWinds shows a deep understanding of how to scale enterprise software for significant outcomes.

Elsewhere is a strong fit if you are a founder of a capital-efficient B2B software company that has achieved product-market fit. They are an ideal partner for businesses building great products outside of the usual tech centers.

Once you secure funding from a growth-focused partner like Elsewhere Partners, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed to private equity
• Industries of focus: B2B Software, Information Technology, Internet
• Geographical presence: Austin, TX
• Founded: 2017
• Notable partner track record: The partners have experience with major exits like SailPoint (acquired by Thoma Bravo for $6.9B) and SolarWinds (IPO)
• Portfolio size: 22 investments
• Geographic focus: B2B software companies outside of traditional venture hubs

You can refer to their website here.

11. Day One Ventures

Day One Ventures is a San Francisco-based firm that invests in early-stage companies and leads their communications. They partner with founders who are deeply focused on their customers and their story.

The firm’s approach is distinctive because it integrates public relations support directly with its investments, helping companies build their brand from the start. Their portfolio features several unicorns, including Remote and Worldcoin, which signals an ability to identify and support high-growth businesses.

This firm is a great match for founders who see public relations and storytelling as core to their business strategy. If you're building a company that needs to capture public attention early, their model offers a clear advantage.

Once you secure funding from a communications-focused partner like Day One Ventures, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Seed

• Industries of focus: Information Technology, Financial Services, Business Development

• Geographical presence: San Francisco, CA

• Founded: 2018

• Notable portfolio companies: Remote, Worldcoin, BitFury, Root (IPO)

• Portfolio size: 111 investments

• Unique approach: Combines venture investment with in-house communications and PR support

You can refer to their website here.

12. SineWave Ventures

Based in Arlington, Virginia, SineWave Ventures provides capital to technology companies. They invest in both commercial businesses and those serving the public sector.

The firm's portfolio is notable for its mix of major enterprise software players and companies with government applications. They have a history of backing businesses that achieve significant exits, including the IPO of SentinelOne and the acquisition of Paperspace by DigitalOcean.

SineWave Ventures is a good match for founders building enterprise technology with applications in both commercial and government markets. Their experience suggests they are well-suited to guide companies toward large-scale outcomes like IPOs or strategic acquisitions.

Once you secure funding from a partner like SineWave Ventures, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Infrastructure, Financial Services, Information Technology
• Geographical presence: Arlington, VA
• Founded: 2015
• Notable portfolio companies: SentinelOne, Databricks, Evolv Technology, Clarifai
• Portfolio size: 44 investments
• Focus: Technology for commercial and public sectors

You can refer to their website here.

13. Script Capital

Script Capital is a venture firm based in San Francisco that invests in early-stage internet and software companies. They provide seed and venture funding to help founders build their businesses from the ground up.

The firm has a strong history of backing companies that achieve successful acquisitions by major tech players. Notable exits include Zenly (acquired by Snapchat), Sqreen (acquired by Datadog), and LockerRoom (acquired by Spotify).

Script Capital is a strong potential partner if you are building a consumer app or software tool with clear integration potential for a larger platform. Their portfolio suggests they are skilled at identifying companies poised for strategic acquisition.

Once you secure funding from an early-stage partner like Script Capital, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Early Stage Venture, Seed
• Industries of focus: SaaS, FinTech, Big Data, Software
• Geographical presence: San Francisco, CA
• Founded: 2016
• Notable portfolio companies: Patreon, Zenly (acquired by Snapchat), Sqreen (acquired by Datadog)
• Portfolio size: 56 investments

You can refer to their website here.

14. BlueRun Ventures

BlueRun Ventures is a venture capital firm from San Mateo that invests across mobile software, services, and financial technology. They support companies from the seed stage through later rounds, showing a broad appetite for different growth phases.

The firm is known for backing category-defining companies that achieve major exits, including PayPal's IPO and Waze's acquisition by Google. Their portfolio highlights a focus on both consumer and enterprise technology with massive scale potential.

BlueRun is a strong potential partner if you are a founder in mobile tech or fintech with ambitions for a large-scale outcome. Their track record suggests they are skilled at supporting companies on the path to an IPO or major acquisition.

Once you secure funding from a long-standing partner like BlueRun Ventures, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed, Early Stage, and Late Stage Venture

• Industries of focus: Mobile Software, FinTech, Financial Services, Information Technology

• Geographical presence: San Mateo, CA

• Founded: 1998

• Notable portfolio companies: Waze (acquired by Google), PayPal (IPO), Coupa Software (acquired by Thoma Bravo)

• Portfolio size: 218 investments

You can refer to their website here.

15. Illuminate Ventures

Illuminate Ventures is an Oakland-based firm that backs early-stage B2B enterprise software companies. They focus on seed-stage startups that are already showing traction, specifically those with solutions that offer a rapid, measurable ROI.

The firm has a history of backing companies that achieve major public market exits, like the e-commerce giant Coupang. Their focus is on enterprise software, with successful exits like Xactly, a sales SaaS provider that went public before being acquired.

Illuminate is a good fit if you're a founder of a B2B software company that has moved beyond the idea phase and can demonstrate clear value to enterprise customers. They are a strong partner for businesses aiming for large-scale exits, whether through an IPO or a strategic acquisition.

Once you secure funding from a partner like Illuminate Ventures, our integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

• Investment stages: Seed to late stage, with a focus on "further along" seed-stage companies
• Industries of focus: Enterprise Software, SaaS, AI, Big Data, Cloud Computing
• Geographical presence: Oakland, CA
• Founded: 2010
• Notable portfolio companies: Coupang (IPO), Xactly (IPO and acquisition), Opsmatic (acquired by New Relic)
• Portfolio size: 65 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Information Technology Companies

This overview shows that the funding environment for information technology companies is both broad and well-supported. You’ll find a healthy mix of investors across the entire lifecycle, from firms that write the first check at the pre-seed stage to growth partners that fund expansion. This balance means that no matter your company's current stage, there are active investors to consider.

The variety also extends to investor focus and location. The list includes deep tech specialists, corporate venture arms, and firms dedicated to B2B software. While many are based in traditional hubs like the Bay Area and Boston, the presence of investors in cities like Austin and Arlington points to a growing geographic distribution of capital.

As you identify the right partners, remember that securing capital is just one part of the journey. Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help you manage and deploy that capital efficiently.

Raise Confidently with Rho

Fundraising requires significant time and focus. Using a curated list of investors who understand your sector helps you direct your energy toward the conversations that matter most.

Once your round is closed, the next step is putting that capital to work. Rho can help you set up your financial stack in minutes, so you can move forward with confidence.

Our platform integrates business banking, corporate cards, and automated bill pay to give you full control over your new funding. We provide the tools to help you manage and deploy your capital efficiently.

FAQs about Venture Capital Firms Focused on Information Technology

Are there top tech VC firms outside of Silicon Valley?

Yes, many leading technology venture capital firms are based in other hubs like Boston, New York, and Austin. Firms like Elsewhere Partners even specialize in funding B2B software companies located outside of traditional venture centers, broadening opportunities for founders nationwide.

Which VC firms invest in European tech startups?

Many global and European-focused firms fund tech startups across the continent. Prominent examples include Atomico, Index Ventures, and Northzone. These firms actively seek opportunities in software, fintech, and other high-growth technology sectors throughout Europe.

What is a corporate venture capital firm?

A corporate venture capital (CVC) firm is the investment arm of a large corporation, like Workday Ventures or the Amazon Alexa Fund. They invest in startups that offer strategic value to the parent company, often providing industry access and partnership opportunities.

What do early-stage tech VC firms look for?

Early-stage tech VC firms prioritize a strong founding team, a large addressable market, and initial signs of product-market fit. They want to see a clear vision for how your technology solves a significant problem for a specific customer base.

What are micro VC firms?

Micro VC firms are smaller venture funds, typically under $100 million, that focus on seed-stage investments. They often write smaller checks than larger firms but can provide focused support and a faster decision-making process for early-stage founders.

How can I manage my funding after closing a round?

Once your round is closed, it's important to have a solid financial stack. Rho integrates business banking, corporate cards, and bill pay to help you manage and deploy your new capital with full control and efficiency.